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While there are several different types of well as several different types of taxes..generally:

For an individual, it means the information you submitted on/with your Form 1040 (your tax return) will be checked for completeness and accuracy.

Basically, the questions will be asked and files checked to confirm the information concerning income you reported is all the income you actually should have didn't omit any employment, income from investment sales, proper addition, etc.

The same for deductible expenses...where you can expect to prove those you may have providing receipts for charitable deductions, medical expenses, etc.

Finally, any filing information, like claiming dependents may be questioned and you would have to show why the ones you claimed qualify, substantiate estimated payments or credits your claiming, that type of thing.

An audit may involve all, or any part, or just a specific item of the above. The IRS is the one asking the questions...and yes, they have the right to question any and every item that became or should have become part of your return.

There are strict guidelines that are (or should be) followed by the IRS examiner, and you have the right to dispute the auditors findings.

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โˆ™ 2007-07-08 16:23:26
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Q: What does it mean to have your taxes audited?
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Related questions

How do you spell autided?

Perhaps you mean audited as in being audited by the IRS

Can you claim on your current taxes the amount paid to the IRS after they have audited you and have requested the money be refunded?

this was from a previous years filing, they audited and it had to be paid back

Do you get audited when you file your taxes?

Yes, the IRS can audit you at any time within 5 years after filing.

How can I find tax filing software that is affordable?

Since I do not do my own taxes and if your taxes are easy to do I would recommend that you learn how to do them yourself. But if your taxes are difficult I would say to go to a professional to make sure there aren't any errors so you don't get audited.

What happens if your over 18yrs old and your mom still claims you as a dependent on her taxes even though you dont live with her can you get in trouble?

No, you can not get into trouble. She, however can get into trouble if she is audited.

Why is it important to keep records and recipts for expenses you plan to deduct on your taxes?

Since taxes are a very complicated thing, one must keep all records and receipts if they plan to deduct them on their taxes. These are kept as a record so that if a person is audited, then the person has proof of what they are trying to deduct.

How do restaurants pay taxes?

Restaurants pay taxes as do any other business. They have to keep account books that can be audited. Though, nowadays, in the UK, a lot of book keeping is done on line, using the Government's Customs and Excise website.

How do you get taxes in roblox?

There are no taxes on Roblox, what do you mean?

What does it mean to levy taxes?

To apply taxes. To have taxes on certain goods.

Do you need to report income tax losses?

You need to report everything relate to money on your income taxes. This includes gains and losses. If you don't report this stuff you could get audited.

What rhymes with audited?


What does exclusive of taxes mean?

taxes not includedtaxes extra

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